Finance

Economic and Project Analysis

Posted: August 2017
Retail Sales Commentary, January-June 2017
Next due: late November 2017

Retail Sales Up 1.4% in First Half of 2017

Retail sales totalled $4.3 billion during the first half of 2017, an increase of 2.0% compared to the first half of 2016.

The largest increases in retail value were gasoline stations (up $86.0 million or 16.5%) and motor vehicle and parts dealers (up $45.5 million or 3.8%).

For Canada as a whole, retail sales increased by 6.9% in the first half of 2017 relative to the same period in the previous year.

According to the Department of Finance's March 2017 forecast, retail sales are expected to decrease by 0.2% in 2017.

Retail Sales by Industry
Newfoundland and Labrador, January-June 2017
Retail Sales Trade Group
($ millions)
2016
2017
Actual
Change
Percent
Change
Automotive
1,715.8
1,847.3
131.5
7.7%
Motor vehicle and parts dealers1
1,193.8
1,239.3
45.5
3.8%
Gasoline stations
522.0
608.0
86.0
16.5%
Food and beverage stores
1,001.6
958.7
-42.9
-4.3%
General merchandise stores
562.4
549.4
-13.0
-2.3%
Health and personal care
324.4
333.4
9.0
2.8%
Clothing and accessories
133.4
129.6
-3.9
-2.9%
Miscellaneous stores
69.2
70.4
1.2
1.8%
Sporting goods, hobby, music and bookstores
51.7
48.6
-3.0
-5.9%
Total
4,250.1
4,308.1
58.0
1.4%

Source: Statistics Canada
1 The motor vehicle figure displayed here includes some used car sales, as well as parts and service labour, and may be higher than those appearing in the Car Sales Bulletin.

Statistical Reference: Statistics used in this analysis were the latest available at the time of writing. For the latest in retail trade statistics visit the Newfoundland & Labrador Statistics Agency site and check the release dates on Statistics Canada site.


 
Economic and Project Analysis Division, Department of Finance - (709) 729-3255 - infoera@gov.nl.ca

 
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